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Wednesday, 29 November 2017

Infosys buyback opens today

Infosys’ Rs13,000cr buyback offer opens today and will end on December 14, 2017. The company in its offer letter dated November 20, 201, had announced a buyback of up to 11.3cr shares at price of Rs1,150 for the amount not exceeding Rs13,000cr. The Offer Size is 20.51% of total fully paid-up share capital. The record date for the determining the eligible shareholder was November 1, 2017.
 
As per the announcement, the entitlement ratio for the smaller shareholders  is 23 equity shares for every 81 fully paid-up equity shares. The same for general category is seven equity shares for every 163 fully paid-up equity shares.

http://tradenivesh.com/
At the current market price of Rs989, investors can book some gains by tendering shares in the offer and covering the same in open market as Infosys is trading at attractive valuations. This is because most of the negatives related to future strategy are believed to be largely factored in the stock price. With almost similar growth profile as Industry leader, Infosys is trading at ~20% discount to TCS and 6-8% discount to the industry. 

BUY HEXAWARE 330 CALL ABOVE 6.50 TG 7.20, 8.10, 9.00 SL 5.20,

BUY SHRIRAM TRANSPORT FINANCE 1320 CALL ABOVE 22 TG 25, 29, 34 SL 17,

 
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITE: www.tradenivesh.com

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